Marcus & Millichap Facilitates $17.4M Sale and Financing of Industrial Property in Wheeling, Illinois, with Cold Storage Expansion Plan

Reuters

08/08

Marcus & Millichap Facilitates $17.4M Sale and Financing of Industrial Property in Wheeling, Illinois, with Cold Storage Expansion Plan

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale and financing of an industrial property located at 199 Shepard Avenue in Wheeling, Illinois, for $17.4 million. The 96,712-square-foot property, which sits on 9.52 acres, is fully occupied and features cold storage, industrial outdoor storage, and rail access. The sale includes a partial leaseback with JV Global Services and plans for a 14,796-square-foot build-to-suit cold storage facility for Ready Set Gourmet. Marcus & Millichap's division, IPA Capital Markets, secured $11.4 million in financing with a 5-year loan. This transaction underscores the strong demand for industrial assets in the Chicago market, especially those with significant truck parking capabilities and strategic location advantages.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 07, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus &amp; Millichap Inc. published the original content used to generate this news brief on August 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0034390439.USD","symbol_name":"FTGF ROYCE US SMALLER COMPANIES \"A\" (USD) D","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250807:nNDL7byMpB:1","article_id":"2557592622","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557592622","pubTimestamp":1754605824,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marcus & Millichap Facilitates $17.4M Sale and Financing of Industrial Property in Wheeling, Illinois, with Cold Storage Expansion Plan. 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The 96,712-square-foot property, which sits on 9.52 acres, is fully occupied and features cold storage, industrial outdoor storage, and rail access. The sale includes a partial leaseback with JV Global Services and plans for a 14,796-square-foot build-to-suit cold storage facility for Ready Set Gourmet. Marcus & Millichap's division, IPA Capital Markets, secured $11.4 million in financing with a 5-year loan. This transaction underscores the strong demand for industrial assets in the Chicago market, especially those with significant truck parking capabilities and strategic location advantages.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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